The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-05-14
Thu STATE OK TRADE.
THE STRONGEST FEATURES In
The COMMERCIAL
Ard Industrial Worlds Are Railroad
Construction and Real Estate
Activity.
Ioo.nHsposDrscE oy RIA APPrALI

PHILADE PHIA, Pa Nay II, 1887. -
The strong st features in the CONNER
cial and industrial world are this week
the rush Of railroad work throughout
the West and Northwe.t, particularly,
and the steady increase in the volume
OF circulating medium, which foots up
since July LIST S68, 900, 600. OF which
$5,0OO,00O in round numbers were
added during the month Of April. A
third encouraging feature is the doub
activity in real estate and building op.
eratiops. In addition to these features
il Is to be noted that there lie con.
slant Pre- lection OF new enterprises oil
every variety, from the construction
of long lines OF railroad to the erection
Of shops by the hundred.
The business OF the past week ex-
hiois sharp falling of in some d.
reciions, and an increase in Others. In
the iron and steel trade business has
been slack, prices have fallen off, the
demand Is hating and consumers are
looking 10 lower prices, but the pro-
duclion is kept up 10 very NEARLY the
highest point.
The coal trade promises TO develop
some very interesting features within
a week or two The anthracite cal
trade woald not O. jet to Eve 0: Elk
weeks strike just now. II would be
worth SONS millions Ct dollars to the
trade during the year. The miners
have chosen very opportune time, il
il was their OBJECT to suit their EN-.
ployers. There are stocks OF 1000, 900
tons on hand besides what consumers
have.
The lumber II manufacturers and deal
ers, both West and East, are e1deav-
oring 10 work about little improve
ment in the prices OF oil kinds OF lam.
Der, including hard woods. The re-
ported shortage OF 1,000,000,000 feet
In white pine logs aud Manufactured
stuff is the foundation on which the
trade is working, The building de-
mand Is rs per cent. heavier than last
year, from all accounts. The number
OF permits taken out shows that we
are cIowding ahead, and that the year
will be an exceptional one for lumber
dealers, Dailmakers and manufactur.
ers OF bHiders' ard ware, and Of build
ing material generally.
So for ss reports could be received |
latt eek, the increase In the volume OF
BUSH esq was IL per cent. over that
of the week previous. The reports
from thirty cities OF the first four |
months Of the year show an increase
OF per cent. over the fame time last
year.
A large amount OF money is rushing
from abroad to the Unite d States seek
ing investment in the attractive chan.
nels now opening up. This inrushing
Of money will hep to stimulate the
speculative spirit in real estate an
building operations and in manufac.
turing and railroad building. The
real estate dvance In some directions
has been excessive, and 1t looks Rs
though q reaction would be the inevi-
tsble result In time, but 70 per cent. OF
the improvement at lowest ig legiti-
mate and will hold.
The general consumpiive require
mentB OF the country are evidently in
cteaslng. This 10 the basis for the
new prejacted heard of. House
building IN small towns will be pusht d |
Oh hAkO tSao'
In New York city GA buildings were |
pre- jeotsd during April, to cost ST. ,010,-
600, against 1853 for April of last year,
to cost about &7,0O0,000. The total
number pr jected during the fret four
mo tbs Of tuIs year was .09l, costing
S33,b87 800. The number OF convey
snces for the first four months was
524l, conveying little under $780,
100000 worth Of property.
20 far This year there have been $40
strikes, In which l4S,000 persons psr-
ticipaled. Among them W, re- 1850
c, al miners, $500 iron workers md
$4,000 house and shop builders. En-.
pioy eIs ia ths building trade and in
other branches of industry aud bust
ness sic perfecting their organic itions,
with view toa more successful com.
hinstion against labor.
The South is taking the lead in the
matter of email industries and the
North in large induetries, Cotton iac-
tories are projected in no less than
twenty cities aud towns throughout |
the South. Eight cot on seed oilmills |
will be erected just rs fast rs the ma
ohinery aud materials can be gotten
together for the purpose.